Reports from the Council of Mortgage Lenders suggest that total mortgage lending in May 2013 increased by more than 20% from April and was 17% higher than the May 2012 figure. At Â£14.7bn, this was the highest monthly estimate for gross mortgage lending since October 2008.
The chief economist at the CML suggests in the report that the funding for lending scheme is helping to provide more competitive mortgage pricing and availability. Â This appears to tally with upbeat housing surveys from RICS and others, although figures may be buoyed as a result of pent up demand finally being pushed through the system.
Whichever way you look at it, it would seem that property investment is back on the agenda and that The House Crowd’s crowdfunded property investment model allowing you to invest from just Â£1,000 will continue to grow in popularity.